Tales from the property front line... the art of estate agenting
Second viewing with the kids on a house in the country my clients are dying to buy. I am not hopeful. It came on eight weeks ago at £3m, has been dropped to £2.85m, but my clients' piggy bank "only" holds £2.5m. "So, how are you finding the market?" I ask the fairly mainstream estate agent, who I know quite well. "You doing many valuations? Is stuff coming on?" "Yes," she tells me, "loads of vals and stock levels are looking much better than they have been." "Great?" I say, but she's not looking at all upbeat. "Well it would be but buyers just don't want to make a decision. The buyers are sitting on their hands... Truth is," she tells me sotto voce, "we can't flaming sell anything." I shall start negotiations at £2.3m.
Tracy Kellett runs leading buying agents BDI Homefinders. Follow her on Twitter, here.
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